Convergence Will Not Happen If Economies Around the World Have

question 21

Multiple Choice

Convergence will not happen if economies around the world have:

• A)different average products of capital during the transition.
• B)different initial levels of labour input.
• C)different levels of technology.
• D)all of the above.

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Definitions:

Transformational Equivalence

The recognition that an object remains the same even if it undergoes a transformation that changes its appearance.

Orientation

Refers to a person's basic awareness of time, place, person, and situation.

Capital Letter F

A uppercase version of the sixth letter in the English alphabet, often used for emphasis or to denote a proper noun.

Imaginal Scanning

Involves the mental visualization and traversing of imagery or scenes, often used in cognitive psychology experiments to study memory and spatial cognition.